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What can i do with 8-9 Million in Kenya?
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amorphous
#21 Posted : Tuesday, November 10, 2020 12:16:18 PM
Rank: Member

Joined: 5/15/2019
Posts: 687
Location: planet earth
newfarer wrote:
amorphous wrote:
newfarer wrote:

Most of the cash in construction goes to waste -theft.Structure is the easiest ,the hardest deal is the finishing.But this can be done polepole.with 12-15m the job will be substantially done.if you want to get more aesthetically the you spend much more.


- How many apartments per floor?
- Plinth area per apartment?
Answer me those and we will separate the possible from impossible regarding your claim Drool

You can work with 80sqm with 3 units per floor.Basic but not substandard finishing.getting above foundation in black cotton soil and the slab are the most costly parts of the structure.walls cost much less.

Assuming each slab floor cost 1.5million and the walls 1million .the structure will total to 12.5 million I would give finishing another 6 million at most . Finishing can be done as letting to tenants is ongoing so you can recoup some cash to complete some floors if cash sources dry up


So in other words your origi figures were way off, right? Drool

Even with these updated ones..you would be talking a very terrible, Pipu/Kariobangi style concrete hideosity for those prices.
In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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newfarer
#22 Posted : Tuesday, November 10, 2020 12:54:58 PM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
amorphous wrote:
newfarer wrote:
amorphous wrote:
newfarer wrote:

Most of the cash in construction goes to waste -theft.Structure is the easiest ,the hardest deal is the finishing.But this can be done polepole.with 12-15m the job will be substantially done.if you want to get more aesthetically the you spend much more.


- How many apartments per floor?
- Plinth area per apartment?
Answer me those and we will separate the possible from impossible regarding your claim Drool

You can work with 80sqm with 3 units per floor.Basic but not substandard finishing.getting above foundation in black cotton soil and the slab are the most costly parts of the structure.walls cost much less.

Assuming each slab floor cost 1.5million and the walls 1million .the structure will total to 12.5 million I would give finishing another 6 million at most . Finishing can be done as letting to tenants is ongoing so you can recoup some cash to complete some floors if cash sources dry up


So in other words your origi figures were way off, right? Drool

Even with these updated ones..you would be talking a very terrible, Pipu/Kariobangi style concrete hideosity for those prices.

Not really..slab ya 1.5m is quite huge basing on what I practically did for 500k .over 6years ago na iko imara like Jana's . cement prices have actually gone down since then . what did you have in mind as the basic minimum figures tuone yako
punda amecheka
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  | | Edit by user: Tuesday, November 10, 2020 12:59 PM | Reason: Not specified
amorphous
#23 Posted : Tuesday, November 10, 2020 1:21:27 PM
Rank: Member

Joined: 5/15/2019
Posts: 687
Location: planet earth
I prefer to give my tenants a little bit more comfort and decent amenities (esp for 80sqm which is a decent size for middle class and above tenants who are quite demanding in terms of quality) so minimum spend would be about 25k per sqm.

Decent amenities meaning
-600 mm tiles
- quality cupboards and finishings
-classy light fixtures
- nice wardrobes
- decent sanitary ware
Etc.
You can charge a premium due to quality and these tenants are more long term and reliable imho
In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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newfarer
#24 Posted : Tuesday, November 10, 2020 2:39:23 PM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
amorphous wrote:
I prefer to give my tenants a little bit more comfort and decent amenities (esp for 80sqm which is a decent size for middle class and above tenants who are quite demanding in terms of quality) so minimum spend would be about 25k per sqm.

Decent amenities meaning
-600 mm tiles
- quality cupboards and finishings
-classy light fixtures
- nice wardrobes
- decent sanitary ware
Etc.
You can charge a premium due to quality and these tenants are more long term and reliable imho

That comes to about 30m.. not bad for the quality.Most contractors and real estate cartels will be talking of double that amount for 15 units to keep away most people from house ownership dreams..I always try to talk of the possibilities
punda amecheka
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amorphous
#25 Posted : Tuesday, November 10, 2020 4:54:12 PM
Rank: Member

Joined: 5/15/2019
Posts: 687
Location: planet earth
newfarer wrote:
amorphous wrote:
I prefer to give my tenants a little bit more comfort and decent amenities (esp for 80sqm which is a decent size for middle class and above tenants who are quite demanding in terms of quality) so minimum spend would be about 25k per sqm.

Decent amenities meaning
-600 mm tiles
- quality cupboards and finishings
-classy light fixtures
- nice wardrobes
- decent sanitary ware
Etc.
You can charge a premium due to quality and these tenants are more long term and reliable imho

That comes to about 30m.. not bad for the quality.Most contractors and real estate cartels will be talking of double that amount for 15 units to keep away most people from house ownership dreams..I always try to talk of the possibilities


Indeed. And remember I do not need it all at once Drool Ground floor tu, niingize watu na kazi iendelee pole pole over time smile
In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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Tokyo
#26 Posted : Wednesday, November 11, 2020 10:23:33 AM
Rank: Veteran

Joined: 10/9/2006
Posts: 1,502
Invest your money with MansaX.
Kes 8000,000 will give you Kes131,200 every single month.
work to prosper
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newfarer
#27 Posted : Wednesday, November 11, 2020 12:09:45 PM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
Tokyo wrote:
Invest your money with MansaX.
Kes 8000,000 will give you Kes131,200 every single month.
invest in Forex what you can afford to lose.Old men said

https://www.sib.co.ke/mansa-x/

In s*thole country like ours ,the only sound investment is in motor and brick.as long as you do proper diligence on where you put that brick and mortar
punda amecheka
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  | | Edit by user: Wednesday, November 11, 2020 12:15 PM | Reason: Not specified
Conquestador
#28 Posted : Wednesday, November 11, 2020 1:16:32 PM
Rank: Member

Joined: 8/17/2010
Posts: 110
Location: Nairobi
newfarer wrote:
Tokyo wrote:
Invest your money with MansaX.
Kes 8000,000 will give you Kes131,200 every single month.
invest in Forex what you can afford to lose.Old men said

https://www.sib.co.ke/mansa-x/

In s*thole country like ours ,the only sound investment is in motor and brick.as long as you do proper diligence on where you put that brick and mortar


There are many other well- returning investments beyond the brick and mortar and other tangible 'assets'. You find younger folks, foreigners in technology/I.P/ international business making appreciable returns on capital at dizzying proportions.

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Tokyo
#29 Posted : Thursday, November 12, 2020 2:52:58 AM
Rank: Veteran

Joined: 10/9/2006
Posts: 1,502
newfarer wrote:
Tokyo wrote:
Invest your money with MansaX.
Kes 8000,000 will give you Kes131,200 every single month.
invest in Forex what you can afford to lose.Old men said

https://www.sib.co.ke/mansa-x/

In s*thole country like ours ,the only sound investment is in motor and brick.as long as you do proper diligence on where you put that brick and mortar


Your advice doesn’t reflect this modern era.
work to prosper
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Rollout
#30 Posted : Friday, November 13, 2020 3:53:10 PM
Rank: Member

Joined: 4/26/2011
Posts: 759
Conquestador wrote:
newfarer wrote:
Tokyo wrote:
Invest your money with MansaX.
Kes 8000,000 will give you Kes131,200 every single month.
invest in Forex what you can afford to lose.Old men said

https://www.sib.co.ke/mansa-x/

In s*thole country like ours ,the only sound investment is in motor and brick.as long as you do proper diligence on where you put that brick and mortar


There are many other well- returning investments beyond the brick and mortar and other tangible 'assets'. You find younger folks, foreigners in technology/I.P/ international business making appreciable returns on capital at dizzying proportions.


I own no tangible asset, wouldn't advice anyone to tie their hard earned money in a project, that is illiquid, in a country they don't reside in. Put your money in a diversified fund with annual long term growth rate of 7%+ you'll sleep well at night and you can access your money any time you want to!
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